Jan 9, 2013 4:00am PST
to the battery used to start the auxiliary power unit, and that they are cooperating with the ntsb in the investigation of the incident. despite bb&t's downgrade, other analysts say the problems have not discouraged investment in the aircraft manufacturer. "i think they've done a good job of handing it. we have them at 73. they've been as high as 77 as low as in the 60's. that's more within the context of where the profitability of the 787 is." dihora says this year, boeing still intends to double monthly production of the 787 to 10 a month. american airlines' board meets today, and it's reported the topic of a possible merger with u.s. airways is on the agenda. interestly enough, shares of u.s. airways have been climbing higher since last thursday. that's when reuters reports the ceo of amr told employees a decision would be made "in a matter of weeks." american has until march to complete its bankruptcy re-organization plan. aig is considering suing the u.s. government for coming to the rescue. the aig board meets today and will consider joining a $25-billion shareholder lawsuit
Jan 10, 2013 4:00am PST
on a computer, but i don't think there's fears of safety." still, these glitches are under ntsb investigation. wednesday, after boeing defended the aircraft saying the company has "extreme confidence" in its dreamliner, shares gained 3.2% after dropping more than 4.5% earlier this week. "we think boeing has $15 billion wrapped up in the 787, and they're getting single- digit operating margins on this product." boeing's price is about $200 million per plane. ten airlines have lined up to buy 800 of them. none of them listed here are backing out. so far, the faa has not taken action. "if the faa gets issues that public safety is at risk, you'll see action, but that hasn't happened because these are confined to 'technical issues" and has not crossed over to the issue of safety." another reason airline analysts say cancellations are unlikely is, in part, because the other option for most other airlines, airbus, has a six-year waiting list for aircraft. the aig board of directors decided not to sue the u.s. government over the 2008 bailout. aig nearly collapsed after making huge bets on bad mortga
Jan 25, 2013 4:00am PST
proven faulty. boeing, the ntsb, and the federal aviation administration are working with electrical suppliers to further investigate the issues. president obama is nominating mary jo white as the next leader for the sec. "if confirmed by the senate, i look forward to using all of my energies working with my fellow commissioners and the extremely dedicated and talented men and women on the staff of the sec." white is a former u.s. attorney and defense lawyer for white- collar crimes on wall street. she famously took down mob boss john gotti. "she's a bit of an unknown on wall street. we know she's a tough prosecutor and she's never been in any kind of financial services job. the sec is more than just prosecuting bad people, it's also a regulatory body, about writing regulations, so i think wall street is going to take a wait- and-see attitude." that was james bianco of bianco research. the president also wants richard cordray to continue his role in leading up the consumer financial protection bureau. legislation that would dramatically change america's gun laws is now on the table.